Trust Digest 166 (November 21, 2016)

Valuation Experts Will Be Held to a New Standard
Certification program is in the works for those who appraise corporate assets like brands, trademarks.      
Key Words: Valuation, certification  
Trust Issues: Transparency, Risk Tolerance  

Financial Regulators Scramble to Complete Postcrisis Rules  
Financial regulators are scrambling to complete a series of unfinished rules designed to rein in Wall Street, dismaying congressional Republicans and some business groups that have urged policy makers not to rush new regulations as President Barack Obama’s term winds down.
Key Words: Postcrisis, financial regulations  
Trust Issues: Transparency, Alignment of Interests 

Insurer Anthem to Defend Cigna Deal in Court  
The Justice Department has been aggressive in challenging mergers recently, but none of its efforts is bigger than its lawsuits challenging the Anthem-Cigna deal, the largest ever in the industry, and a $34 billion deal that would combine insurers Aetna Inc. and Humana Inc. A trial on the latter transaction begins Dec. 5.
Key Words: Anthem, Cigna  
Trust Issues: Transparency, Alignment of Interests

Theranos Whistleblower Shook the Company- and His Family  
After working at Theranos Inc. for eight months, Tyler Shultz decided he had seen enough. On April 11, 2014, he emailed company founder Elizabeth Holmes to complain that Theranos had doctored research and ignored failed quality-control checks. 
Key Words: Theranos, whistleblower  
Trust Issues: Integrity, Transparency

Patients May Still Get a ‘Surprise’ Bill After an In-Network ER Visit, Study Finds  
Patients who get emergency care at a hospital in their insurance network have nearly a 1 in 4 chance of being treated by an out-of-network ER physician who may send a “surprise” bill, according to an analysis in the New England Journal of Medicine.  
Key Words: ER, insurance  
Trust Issues: Transparency, Honesty  

Suit Says Glaxo’s Conduct Led to Couple’s Imprisonment in China  
Two former corporate investigators sued GlaxoSmithKline PLC on Tuesday, alleging that the drugmaker hired them under false pretenses that led the pair to be imprisoned in China.  
Key Words: GlaxoSmithKline, corporate investigator’s, imprisonment  
Trust Issues: Transparency, Adjustment  

U.S. Attorney Charges Former Valeant, Philidor Executives, Alleging Fraud and Kickback Scheme  
Valeant Pharmaceuticals International Inc. for a year has weathered a scandal over its relationship with a mail-order pharmacy that critics say helped it secure lofty prices for its drugs. 
Key Words: Valeant, Philidor, fraud  
Trust Issues: Conflict of Interests, Transparency  

Donald Trump Agrees to Pay $25 Million in Trump University Settlement    
Donald J. Trump has reversed course and agreed on Friday to pay $25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign. 
Key Words: Trump University, settlement 
Trust Issues: Capability, Risk Tolerance, Situational Adjustment     

Mark Zuckerberg and Facebook Must Defend the Truth    
Friday night, the Facebook co-founder Mark Zuckerberg went on his vast social network to convince an expanding chorus of critics- including the departing president of the United States- that he honest-to-goodness wants to combat the “fake news” that is running wild across his site and others, and turning our politics into a paranoiac fantasy come to life.
Key Words: Facebook, “fake news” 
Trust Issues: Risk Tolerance, Honesty, Integrity

Wells Fargo Grapples With New Set of Management Restrictions    
Executives at Wells Fargo & Co. over the weekend were grasping to understand more-stringent management restrictions newly imposed on the bank by the Office of the Comptroller of the Currency.
Key Words: Wells Fargo, management restrictions 
Trust Issues: Transparency, Adjustment

Syrian Government Refuses U.N. Truce Terms for Aleppo    
The Syrian government on Sunday refused a U.N. proposal to grant the rebel-held eastern districts of Aleppo autonomy to restore calm to the war-torn city.
Key Words: Syria, U.N. 
Trust Issues: Conflict of Interests, Risk Tolerance